Imf Morocco Country Report
morocco report wallpaperMorocco has made substantial progress in increasing inclusive growth over the past decade but additional efforts in terms of growth-enhancing structural reforms are needed. Aug 5 2020 Rabat According to the International Monetary Funds IMF latest report Moroccos tourism sector is the fourth most impacted in the world by the COVID-19 pandemic.
Imf Commends Morocco S Sound Macroeconomic Policies Global Economy Credit Facility Debt Agreement
The Nigerian authorities disagreed telling the IMF that a lower naira would stoke inflation.
Imf morocco country report. Price liberalization and reform of consumer subsidies. Based on information available at the time of these discussions the staff report was completed on December 3 2020. A gradual economic recovery is expected to begin in 2021 assuming the impact of the drought and the health crisis wane next year.
2019 International Monetary Fund IMF Country Report No. Liberalizing the economy structural reform issues. And exchange system liberalization.
This reinforces the need for sustaining the recent momentum in reforms toward higher and more inclusive growth buttressed by the private sector. This Selected Issues paper quantifies the effect of gender inequality in Morocco on growth compared with groups of faster growing countries. 62 The 2015 Article IV Consultation discusses key issues related to the economic growth of Morocco.
Improved fiscal management and economic diversification have strengthened the resilience of Moroccos economy in recent years. It is based on the information available at the time it was completed on. The Staff Report prepared by a staff team of the IMF for the Executive Boards consideration on May 13 2019 following discussions that ended on April 4 2019 with the officials of Morocco on economic developments and policies.
Your browser is not up-to-date. Public enterprise reform and increased scope for private sector activity. Middle East and Central Asia Dept.
This paper describes the fuel subsidy system in Morocco introduces an organizing framework to illustrate the trade. Of the 40 countries with the most IMF arrangements sixteen are African. The results highlight the effect of closing the overall gender gap which would help narrow up to 1 percentage point the difference between Moroccos GDP per capita and that of benchmark countries in other regions.
21508 million December 31 2020 Special Drawing Rights SDR. The Staff Report prepared by a staff team of the IMF for the Executive Boards consideration on December 18 2020 following discussions that ended on November 2 2020 with the officials of Morocco on economic developments and policies. Number of Arrangements since membership.
Outstanding Purchases and Loans SDR. Reform of the fiscal system. The report did however make the.
It added that as of. The recent rise in COVID-19 cases both in Morocco and its main trading partners suggests that this outlook remains subject to significant downside risks. Basic data and social demographic indicators 1971-95.
Yet economic growth at 3 percent in 2018 has not been robust enough and unemployment remains high especially among the youth. On December 18 the Executive Board of the International Monetary Fund IMF concluded the Article IV consultation with Morocco. Preserving economic efficiency and fostering growth while strengthening inclusiveness remains a priority.
Each report prepared by a staff team after discussions with government officials is published at the option of the member country. The IMF report noted that households in Morocco benefiting from the RAMED medical insurance system received a payment of MAD 800-1200 80120 depending on household size. The continents leaders are Liberia on 21 Morocco on 20 and Kenya on 19.
13 countries have turned to the IMF 20 times or more. December 13 2017 consideration of the staff report that concluded the Article IV consultation with Morocco The Staff Report prepared by a staff team of the IMF for the Executive Boards consideration on December 13 2017 following discussions that ended on November 7 2017 with the officials of Morocco on economic developments and policies. In recent years the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries.
INTERNATIONAL MONETARY FUND Published Date. The IMFs comments came in its 2020 Article IV Consultation Staff Report published on January 5 and concerning obstacles and achievements in Morocco. For optimum experience we recommend to update your browser to the latest version.
The pattern of recidivism is deeply engrained in Africa. 56 countries have needed at least 10 IMF arrangements including Zambia with 12. Based on information available at the time of these discussions the staff report was completed on April 29 2019.
The prompt response of the Moroccan. The press release covered the IMFs assessment of Moroccos economic and financial performance in trying times dominated by drought and a global health crisis. 19231 MOROCCO SELECTED ISSUES This Selected Issues paper on Morocco was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country.
The report summarizes challenges that the. IMF Staff Country Reports Authors. The IMF held discussions with the government and central bank before publishing a report this week in which it argues that the naira is overvalued by 18 and needs to be devalued.